Corporate Crypto Treasuries Diverge as Bitmine Adds Ether and Trump Media Walks Away From Bitcoin
Tom Lee's Bitmine buys another $19 million of Ethereum, pushing its stash toward 5% of total supply, while Trump Media abandons its bitcoin treasury strategy and slides 4% — a widening split in the digital-asset balance-sheet trade.
The corporate digital-asset treasury playbook is bifurcating. Bitmine, chaired by Tom Lee, added $19 million in Ethereum, bringing its holdings close to 5% of circulating supply and doubling down on a concentrated accumulation strategy. Trump Media moved the opposite way, abandoning its bitcoin treasury bet and falling 4%, while Rumble gained 4%. In parallel, DeFi lender Compound committed $52 million and installed new leadership in a pivot toward institutional capital, and HIVE Digital surged 11% on a $350 million GPU cloud contract as miners rotate toward AI compute.